U.S. stock futures began trading overnight near the flat on Tuesday evening, following a slowdown in technology stocks during the normal trading day.
Terms on the S&P 500 have changed slightly. Nasdaq futures also floated after the normal trade day index fell more than 1%. Apple AAPL shares remained stable following a slump earlier in the week, pulling the stock backwards for the first time since a $ 3 trillion market capitalization.
In the first two trading days of the new year, investors are concentrated in volatile markets, with strong corporate recovery and high interest rates being the biggest beneficiaries. The energy, financial, and industrial sectors outperformed the S&P 500 on Tuesday, and Dow Jones Industrial Average, averaging more than 200 points, reached an all-time high.
Treasury production rose sharply on Tuesday for another session, particularly on the long run, which put pressure on technology and future earnings. The 10-year result jumped more than 1.6% and reached its highest level since November, although historically lower.
“[Yields are] It is booming today or in the near future, but inflation is very low compared to what it used to be, US Revenue Reserve Chief Executive Officer Scott Kimball told Yaho Finance. Tuesday live. “There has been a lot of talk about escaping inflation, the federation is behind the curve.
Meanwhile, Eddie Ghabour, co-founder of KeyAdvisors and co-author of Common Sense Bull, told Yaho Finance that he expects this week’s massive move to be “self-defeating.”
“I do not see this price increase. I think it will be short-lived,” he said. “What worries me the most right now is that many investors are still carrying a high risk for a year, which is unprecedented as the federation is slowing down. It is often not a good recipe. High risk assets.
On Wednesday, investors will receive more information on the labor market, with the ADP releasing a new monthly publication for December personal wage surplus. The report is expected to show 410,000 personal wage returns in December, slightly up from the 534,000 increase in November. The report, as usual, comes two days before the Department of Labor’s monthly employment report, which is expected to show more than $ 400,000 in over 400,000 revenues as the labor market recovers.
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6 ፡ 15 15 15 15 pm ET Tuesday’s stock share futures have changed slightly
Here is what happened on Tuesday night.
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S&P 500 Future (ES = F): -0.75 points (-0.02%), to 4,783.50
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The future (YM = f): -12 points (-0.03%), to 36,663.00
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The future of Nasdaq (NQ = f) :: -9.5 points (-0.06%) to 16,266.25
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Emily McCormick is a Yahoo Finance reporter. Follow her on Twitter.